What is your reaction to those two little words?
In my experience, there are two types of investors: those who cringe at the thought of day trading and those whose pulses quicken and pupils dilate with excitement.
Where do you fall?
If you had asked me before March, I would have guessed that the majority of investors were not interested in day trading.
But the coronavirus pandemic has created a unique phenomenon: More and more people are turning to day trading.
A recent article in The Wall Street Journal titled “The Pandemic Turned My Parents Into Day Traders” states, “By some estimates, such small-scale speculators now account for as much as a quarter of overall trading activity.”
So that got us wondering about our readers… In this week’s poll, we asked, “Do you enjoy short-term trading?”
And 80% of respondents answered “yes.”
Some were more enthusiastic than others. Reader Eddie R. responded, “Hell yeah!”
While Sylvia C. was more hesitant, writing in, “This is new to me, so I will see.”
And reader Bob M. posed an excellent question: “What is short term? Minutes, hours, years, decades?”
While The Oxford Club does offer short-term targeted trading services with average holding periods of four months to one year, this poll focused on what we call ultra-short-term targeted trading, with holding periods of less than four months.
If you’re like reader Wanda H. and you want to learn more about ultra-short-term trading, take a look at Nicholas Vardy’s most recent article about his Oxford Swing Trader service – it’s based on a system that captures gains from short-term moves in the market over two to 10 days – and check out his Nick’s Picks video series on our YouTube channel.
And if you’re interested in true day trading, take a peek at what our friends at Monument Traders Alliance are doing. Their unique day trading platform offers recommendations for overnight wins, and they’re expecting big moves after the election.
Note: Comments may have been edited for spelling, grammar and/or clarity.